A seller of an immovable shall furnish to any purchaser a written statement disclosing the existence of any private transfer fee obligation. This written statement shall include a description of the private transfer fee obligation and include a statement that private transfer fee obligations are subject to certain prohibitions under this Chapter.
La. R.S. 9:3135
Disclosure
Known as the Louisiana Exchange Sale of Receivables Act
The act spans §§ 9–9 (30 sections).
Acts 2010, No. 938, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.